Quarterly report pursuant to Section 13 or 15(d)

Income (Loss) per Common Share (Tables)

v3.19.3
Income (Loss) per Common Share (Tables)
9 Months Ended
Aug. 31, 2019
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings (Loss) per Share
The following table sets forth the calculation of basic and diluted net income (loss) per common share:
 
    Three Months Ended     Nine Months Ended  
    August 31, 2019     August 31, 2018     August 31, 2019     August 31, 2018  
Numerator:                                
Net Income (Loss)
  $ 1,116,259     $ 244,984     $ 1,445,809     ($ 1,745,582
   
 
 
   
 
 
   
 
 
   
 
 
 
Denominator:                                
Weighted-average shares outstanding-basic
    7,803,333       7,694,662       7,802,676       7,350,868  
Dilutive common shares issuable upon exercise of stock options
    641,904       681,013       627,575       —    
   
 
 
   
 
 
   
 
 
   
 
 
 
Weighted-average shares-diluted
    8,445,237       8,375,675       8,430,251       7,350,868  
   
 
 
   
 
 
   
 
 
   
 
 
 
Net income (loss) per common share:
                               
Basic
  $ 0.14     $ 0.03     $ 0.19     ($ 0.24
   
 
 
   
 
 
   
 
 
   
 
 
 
Diluted
  $ 0.13     $ 0.03     $ 0.17     ($ 0.24